Fri, Jul 25, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Gottex launches new fund of UCITS hedge funds as Q2 AuM down 8.3% to $7.26bn

Tuesday, July 20, 2010

From the Opalesque team:

The total fee-earning assets of Gottex, a global FoHFs house, were US$7.26bn at 30 June 2010, compared to $7.92bn at 31 March 2010, representing a change of -8.3%. Gottex Fund Management accounted for $6.8bn and Gottex Solutions Services (GSS) for $0.45bn.

Gottex' $6.80bn AuM for Q2 show a decrease of 8.8% when compared to $7.46bn in Q1-10. The decrease was largely driven by foreign exchange movements, technical factors, performance and returning cash to investors in run-off share classes.

New UCITS FoFs launched this month Gottex launched a UCITS III fund of funds product in Luxembourg earlier this month and is now in the process of 'passporting' it to the major European markets.

This fund of UCITS hedge funds qualifies for UCITS status without the use of financial structuring to meet UCITS III liquidity requirements, avoiding derivatives, wrappers or other synthetic structures to minimize maturity mismatches between underlying assets and liabilities.

Market neutral strategies: positive performance YTD The market neutral strategies posted positive performance YTD, outperforming many funds of hedge funds and equity indices, the latter declining substantially in Q2-10.

The HFRI Fund of Funds Composite Index was down 0.70% (est.) in June and down 1.03% YTD, whereas the HFRI Equity Market Neutral Index was down 0.71% (est.) and down 0.69% YTD. And the S&P 500 Index was down 7.57% YTD at the......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  3. Opalesque Exclusive: Loeb, Grantham cite growing economic concerns in letters[more]

    Bailey McCann, Opalesque New York: Hedge fund manager Daniel Loeb, head of Third Point, and Jeremy Grantham of Grantham, Mayo, Van Otterloo & Co. have both released their quarterly investor letters today. While news is positive on some fronts, and both men see pockets of opportunity, they also h

  4. Investing – Hedge funds expect Netflix earnings to catapult forward, Third Point's Loeb takes stakes in Fibra Uno, YPF, Royal DSM, Lake Capital in talks to back Engine Group[more]

    Hedge funds expect Netflix earnings to catapult forward From Investing.com: Netflix has made major strides forward in 2014 despite ongoing battles with the FCC and cable companies over the issue of net neutrality. The FCC has now received over 500,000 comments from the public on its pend

  5. Opalesque Roundtable: European family offices struggle to retain their investments in offshore hedge funds[more]

    Komfie Manalo, Opalesque Asia: The European Union’s Alternative Investment Fund Managers Directive (AIFMD) will constrain investment opportunities amidst concern a number of U.S. fund managers will stop marketing their products in the European Union under the new rule, said Valentin Bohländer fro